BlackRock Credit Allocation Income Trust (NYSE:BTZ) to Issue Dividend Increase – $0.08 Per Share

BlackRock Credit Allocation Income Trust (NYSE:BTZ) announced a dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.0839 per share by the investment management company on Friday, February 28th. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from BlackRock Credit Allocation Income Trust’s previous dividend of $0.07.

BlackRock Credit Allocation Income Trust Stock Performance

BTZ stock traded down $0.01 during trading on Tuesday, hitting $10.83. 301,302 shares of the company’s stock traded hands, compared to its average volume of 255,355. BlackRock Credit Allocation Income Trust has a 1 year low of $9.92 and a 1 year high of $11.30. The business has a fifty day simple moving average of $10.69 and a two-hundred day simple moving average of $10.86.

About BlackRock Credit Allocation Income Trust

BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor's Corporation.